Taxes Might Rise 25 Percent to Balance Budget
President Truman may seek a 25 percent or more increase in some taxes to balance the budget. Government figures show a $5.5 billion red ink, with individual and corporate income taxes needing growth to about 18 percent, while some levies could rise and others stay flat. Senate opposition and farm program costs are noted as obstacles.
MENTIONED IN THIS ARTICLE
Washington
Truman
Congress
Treasury
Senate Finance Committee
Senate
Coffee Prices Rise as Pork Drops in Markets
Retail coffee prices climbed this week with two to three cent increases over last week, while pork fell several cents per pound in many stores. Beef edged up slightly, eggs rose a few cents a dozen after a prior drop, and produce like cauliflower and kale remained cheap and good.
MENTIONED IN THIS ARTICLE
California
Mexico
Chicago
Cool Air Mass Heads East as Temperatures Vary
The article reports chilly conditions across the Midwest with below freezing temps from the eastern Dakotas to northern Arkansas. It notes 15 degree readings in some spots, compares mild New England levels, and forecasts warmer air moving from the West toward the Atlantic seaboard while California records a 93 degree high.
MENTIONED IN THIS ARTICLE
Associated Press
Midwest
Dakotas
Arkansas
Wisconsin
Minnesota
Iowa
New England
Atlantic Seaboard
Rocky Mountains
British Yugoslav Trade Pact Talks Hit Snag in Belgrade
Belgrade dispatch reports British Yugoslav negotiations on a $560 million five year trade pact have stalled after nine months of talks. Sir Charles Peake, British ambassador to Belgrade, plans to fly to London Friday to attempt to resolve the issues. Details of the difficulties were not disclosed.
MENTIONED IN THIS ARTICLE
Belgrade
Yugoslavia
Charles Peake
London
Two Held For Kidnaping Girl Near Mullins
A seven year old girl Mary Spivey was taken yesterday by two men, Jerome Alford and Hugh Smith, in a car. She reappeared at a farm home, tired but unharmed. Deputies Burt Rogers said both men were arrested, with no charges yet filed. The child was fed and sheltered before authorities arrived.
MENTIONED IN THIS ARTICLE
Mullins
S. C
Burt Rogers
Jerome Alford
Hugh Smith
Alford
Smith
Rogers
Marion
Dillon
Mary Spivey
George Rogers
Dillon County
Guggenheim Copper King Solomon R Dies at 88
Solomon R. Guggenheim senior member of the mining family died at his Long Island estate Trillora Court aged 88. He led Guggenheim Brothers and funded art foundations including the 1937 Guggenheim Foundation. He chaired several metals firms and held stock in Anaconda Copper Mining Co. He was born February 2, 1861, in Philadelphia and supported Jewish and general charities.
MENTIONED IN THIS ARTICLE
Port Washington
N. Y
Solomon R. Guggenheim
America
Long Island
Trillora Court
Iene
Henry Obre
Baltimore
Countess Castle Stewart
England
Guggenheim
Guggenheim Brothers
Meyer Guggenheim
North
South America
Irene M. Rothschild
Solomon R. Guggenheim Foundation
Kennecott Copper
Braden Copper
Pacific Tin
Nevada Northern Railway Co
Anaconda Copper Mining Co
Philadelphia
United States
Switzerland
Mt. Sinai Hospital
New York
Dutch Amnesty Clears Most Political Prisoners in Indies
Batavia officials announce amnesty for practically all political prisoners in Indonesia effective Friday. The move follows a yesterday signed agreement with Indonesians and covers several thousand detainees tied to the political conflict. Dutch troops face uncertain return by July 1950 depending on shipping space.
MENTIONED IN THIS ARTICLE
Batavia
Indonesia
Netherlands
Indonesian Republic
Local color key to drawing tourists at national ad meeting
Capitol visitors sought not just scenery but indigenous habits and style. Governors and officials note travelers crave authentic local color from dress and diet to recreation, with New York and Niagara Falls cited as magnets for atmosphere beyond attractions.
MENTIONED IN THIS ARTICLE
Denver
Colorado
Charles Parker
N. C
Court of Appeals Grants Bail to 11 Top American Communists
The U S Court of Appeals ordered bail for 11 top American Communists convicted of conspiracy to violently overthrow the U S government. Bail set at 20 000 dollars for seven defendants and 30 000 dollars for four, with the government seeking 1 000 000 total.
MENTIONED IN THIS ARTICLE
New York
U. S. Court of Appeals
Learned Hand
Thomas W. Swan
Jerome N. Frank
Eugene Dennis
John B. Williamson
Jacob Stachel
Irving Potash
Robert G. Thompson
Benjamin J. Davis, Jr
Harry Winston
John Gates
Gilbert Green
Carl Winter
Gus Hall
Dennis
Potash
Staéchel
Williamson
Hall
Green
Thompson
Davis
Winston
Gates
Winter
O. John Rogge
U. S
H. Saypol
John F. Z. McGohey
McGahey
Governor Spares Tom Wood Jr in Death Penalty Case
North Carolina Governor Scott commuted the death sentence of Tom Wood Jr to life imprisonment after psychiatrists found the prisoner hopelessly insane. The 30 year old cotton mill worker was convicted of slaying wife Ruby Wood, whose body was found with stab wounds in a creek near Erwin. The plea for psychiatric evaluation was supported by the jury and judge Burgwyn, with agreement from state psychiatrists at Duke University and the state hospital.
MENTIONED IN THIS ARTICLE
Raleigh
Scott
Tom Wood
Wood
Harnett Superior Court
Ruby Wood
Erwin
Everette L. Doffermyre
Dunn
W. H. S. Burgwyn
Edward N. Pleasants
State Hospital
Pleasants
Duke
Leslie B. Hohman
George Silver
Old Belt Tobacco Prices Rise Slightly Across Grades
Raleigh reports steady to modestly higher bids on most medium and top grades in Old Belt flue cured tobacco markets. Lower quality offerings weakened. Old Belt Tuesday sales reached 4,086,756 pounds at $46.51 per hundred with season totals at 180,219,438 pounds averaging $46.46. Middle Belt demand waned with $1-$3 declines. Tuesday sales 866,338 pounds at $46.83. season 123,439,790 pounds averaging $48.07. Eastern North Carolina belt Tuesday sold 306,518 pounds at $40.12. season 398,465 pounds at $48.74.
MENTIONED IN THIS ARTICLE
Raleigh
Federal State Market News Service
Middle Belt
North Carolina
Suesday
Greek Sailors May Go Home Despite Strike
Three Greek sailors stranded 50 feet up the aftermast of the freighter Aristocrats may be sent ashore in Greece after a stand against deportation. The ship plans to sail to the Orient via the Suez Canal, while immigration officials question the sailors' bona fides as seamen.
MENTIONED IN THIS ARTICLE
Aristocratis
Baltimore
New York
U. S. Immigration Service
Orient
Suez Canal
Panama Canal
Greece
Greek Maritime Union
Immigration Service
United States
Holy Sites Would Be Placed Under U.S. Guardianship
United Nations leaders received a proposal to guard Palestine holy sites under a UN commission with five faith representatives. The plan also envisions dividing Jerusalem into separate Jewish and Arab cities. Signers include Reinhold Niebuhr and Walter Reuther among 15 American religious and labor leaders opposing complete internationalization.
MENTIONED IN THIS ARTICLE
Lake Success
United Nations
Palestine
Jerusalem
Reinhold Niebuhr
Union Theological Seminary
G Bromley Oxnam
The
Methodist Church
New York
Arthur Cushman McGiffert
Chicago Theological Seminary
Bartley C. Crum
Anglo-American Committee of Inquiry For
Walter P. Reuther
CIO
United Auto Workers Union
UN Commission
Fight Looms Over Plan To Increase U. S. Imports
In Washington and New York the administration’s proposal to raise imports by several billion dollars faces sharp opposition. Secretary Acheson urged an import minded shift as he warned the United States must reverse 30 years of selling more abroad than it buys. He cited a 6 billion dollar trade gap and urged funding reforms to reduce the burden on American taxpayers.
MENTIONED IN THIS ARTICLE
Washington
Congress
State Acheson
New York
Acheson
National Foreign Trade Council
United States
Europe
Truman
America
Trueman
Ransom Brothers Back In North Carolina For Murder Trial
The Ransom brothers Benjamin Edward and Burton Red, rockingham natives, are in Buncombe county jail after extradition from Ohio. Indicted in Wadesboro for the slaying of James Malcolm Shirley of Hollis New York, his body found in a gravel pit near Wadesboro. Shirley had been reported missing after last seen in Staunton Virginia.
MENTIONED IN THIS ARTICLE
Asheville
Ransom Brothers
North Carolina
Rockingham
Wadesboro
James Malcolm Shirley
Hollis
Queens
N. Y
Shirley
Benjamin Edward Ransom
Burton
Red) Ransom
U. S
Ohio
Buncombe County
Columbus
Benjamin
FBI
Zanesville
Marion
S. C
Staunton
John
Fathrae
Honea Path
Shixley
Four injured in Lake dale crash with fatality near Lakedale
Four men from Lake Dale were hurt last night when their car failed to take a curve near Lakedale. One man died as a result of the crash.
MENTIONED IN THIS ARTICLE
Fayetteville
Lakedale
Stock Trading Is Conservative
An opening attempt to move forward failed to get very far in the stock market today. Gains in a majority but a good many initial advances were soon shaded or wiped out entirely. Higher prices were paid for U S Steel, General Electric, American Can, General Motors, Chrysler, Johns Manville, and several other major stocks.
MENTIONED IN THIS ARTICLE
New York
Republic Steel
Youngstown Sheet
U. S. Rubber
National Distillers
Admiral Corp
Consolidated Edison
Air Reduction
American Can
General Electric
Southern Railway
Baltimore & Ohio
Chesapeake & Ohio
Sinclair Oil
Warner Bros
U.S. Steel
Government eyes coal talks as Indiana rejects separate pact
Washington reports indicate the government may intervene as Indiana coal operators refuse a state wide pact and rebuff Gov Schricker. John L. Lewis awaits a possible federal invitation to Washington for talks late next week while Truman weighs national emergency options if talks fail. Illinois Gov Stevenson also urged a similar separate appeal.
MENTIONED IN THIS ARTICLE
Washington
Indiana
John L. Lewis
Lewis
Truman
Henry Schricker
Chicago
Indiana Opertors
Harvey Cartwright
Indiana Coal Producers Association
Illinois
Gov. Schricker
Adlai Stevenson
Fur Coat Tax Postponed to March 1
The Internal Revenue bureau delayed the 20 percent sales tax on all fur coats until March 1 after protests from manufacturers and merchants. The ruling aimed to close a loophole that allowed fur trimmed cloth coats to avoid tax if the second valued component met one third of the fur part.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Bureau
Cardinal Marmaggi Dies in Vatican at 73
Francesco Cardinal Marmaggi, a senior Vatican administrator and prefect of the congregation of the council, died after a heart attack at age 73. Elevated to the sacred college in 1935, he directed action and enforcement of decrees from the Council of Trent and other church laws, reducing the College of Cardinals to 154 members with a full roster of 70.
MENTIONED IN THIS ARTICLE
Rome
Francesco Cardinal Marmaggi
Vatican
Cardinal Marmaggi
Sacred College
Congregation of the Council
Council of Trent
College of Cardinals
World trade push from Truman Acheson Hoffman faces toll
President Truman Secretary of State Acheson and Paul Hoffman urge European nations to lower tariffs reduce quotas and improve manufacturing to boost global trade. Acheson says Americans must tidy their own house increasing imports from Europe to sustain prosperity.
MENTIONED IN THIS ARTICLE
Washington
Truman
State Acheson
Paul Hoffman
Hoffman
Paris
Also Mentioned on This Page
Sigmund Engel
Reseda Corrigan
Engel
Copper King
Indies
Capitol Square
Lynn Nisbet
Manhattan Island
Niagara Falls
Greenwich Village
Bowery
Knous
Court of Appeals
Tom Woods
U.S
Ransom
Mjre
Pagu
By James Marlow
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